I truly don’t understand how Visa/MasterCard/etc can be pressured. They are basically infrastructure.
What’s someone going to do, stop using credit cards if they don’t stop a store that person doesn’t even patronize from selling morally hazardous goods?
I don’t get how these campaigns are even effective.
The thing is they are American corporations who care to much about their public image. I would be highly suprised if they national payment platforms would also accept this. (ideal/bankcontant/wero/etc)
They pressure payment processors through reputation damage and regulatory threats - these companies are terrified of being associated with anything that could trigger banking regulations or get them labeled as “enabling” problematic content in the media, its purely a risk management desicion for them.
That’s because 90% of cryptocurrency marketing consists of “THINK OF THE GAAAAAAINS YOU CAN MAKE!” instead of “You can use this to buy things without government censorship”.
The entire crypto industry has based itself around being a speculative asset, not a currency.
Which is really unfortunate. If you avoid the most popular coins (Bitcoin, Ethereum, etc), you avoid most of the scams and speculation and end up with a decent currency that respects your privacy and has low fees.
not profitable to mine, so most miners are enthusiasts who want the coin to succeed
privacy-focused - basically creates a ton of fake transactions to mislead snoopers
relatively popular - seems to be the most popular coin recommended by privacy enthusiasts (e.g. Mental Outlaw, he even gives a discount on his store for Monero)
not popular among speculators - they mostly stick to the big ones (BTC and ETH), as well as new startup coins
low cost transactions, fairly short transaction window
It’s far from ubiquitous, but it’s popular enough that if a place accepts any crypto, there’s a good chance they accept Monero as well.
Some do, which is a lot more than GNU Taler. I don’t know of another digital payment system that has more usage that isn’t dominated by a handful of companies.
Here are some examples of things you can buy today w/ Monero:
It’s far from ubiquitous, but it is being accepted today. If any of those places interest you, I recommend putting a small amount of money into Monero and trying it out.
It’s pretty easy to switch between cryptocurrencies, so they can surely find an exchange that is friendly to their business. That’s way better than the credit card situation where there are only four major processors–Visa, Mastercard, Discover, and American Express–and only two of those actually matter.
I truly don’t understand how Visa/MasterCard/etc can be pressured. They are basically infrastructure.
What’s someone going to do, stop using credit cards if they don’t stop a store that person doesn’t even patronize from selling morally hazardous goods?
I don’t get how these campaigns are even effective.
The thing is they are American corporations who care to much about their public image. I would be highly suprised if they national payment platforms would also accept this. (ideal/bankcontant/wero/etc)
They pressure payment processors through reputation damage and regulatory threats - these companies are terrified of being associated with anything that could trigger banking regulations or get them labeled as “enabling” problematic content in the media, its purely a risk management desicion for them.
Probably just worried Trump will over regulate them if they don’t fall in line with the Christian Radicals.
Debit Cards, too.
Supposedly there was a ruling in California that made them responsible.
Cryptocurrency is the solution here, and unfortunately that’s an unpopular take here.
That’s because 90% of cryptocurrency marketing consists of “THINK OF THE GAAAAAAINS YOU CAN MAKE!” instead of “You can use this to buy things without government censorship”.
The entire crypto industry has based itself around being a speculative asset, not a currency.
Which is really unfortunate. If you avoid the most popular coins (Bitcoin, Ethereum, etc), you avoid most of the scams and speculation and end up with a decent currency that respects your privacy and has low fees.
monero?
Yup, Monero is probably the best option. I’ve heard good things about Z-cash, and Bitcoin can work on the lightning network.
Tell me more
Monero is perhaps the best option imo. Here’s the official page about it, but basically:
It’s far from ubiquitous, but it’s popular enough that if a place accepts any crypto, there’s a good chance they accept Monero as well.
Is it really the best option when no business uses them?
Some do, which is a lot more than GNU Taler. I don’t know of another digital payment system that has more usage that isn’t dominated by a handful of companies.
Here are some examples of things you can buy today w/ Monero:
It’s far from ubiquitous, but it is being accepted today. If any of those places interest you, I recommend putting a small amount of money into Monero and trying it out.
Not when exchanges still govern taking money out. They are businesses like everything else and will be just as risk averse
It’s pretty easy to switch between cryptocurrencies, so they can surely find an exchange that is friendly to their business. That’s way better than the credit card situation where there are only four major processors–Visa, Mastercard, Discover, and American Express–and only two of those actually matter.